Liberty Earnings Down: Liberty National Bank, based...
Liberty Earnings Down: Liberty National Bank, based in Huntington Beach, posted third-quarter earnings of $379,391, down 24% from the $498,450 recorded for the 1989 third quarter. For the nine-month period, earnings declined 8% to $1.1 million from $1.2 million. Total assets as of Sept. 30 stood at $149 million, 19% higher than the $125.1 million reported a year earlier. The bank said the earnings decline resulted from a onetime expense from a capital offering and a planned reduction in real estate lending during the third quarter.
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